Cache, Inc., a specialty chain of women’s apparel stores, announced that it intends to offer and sell, subject to market and other conditions, $14.0 million of its common stock in a public offering.
Cache intends to grant the underwriter a 30-day option to purchase up to an aggregate of 15% of the amount of common stock offered. Cache expects to use the net proceeds from the offering for working capital and general corporate purposes.
In connection with the offering, B. Riley & Co., LLC is acting as the sole underwriter. The offering of these securities will be made only by means of a prospectus and related prospectus supplement, copies of which can be obtained, when available, from B. Riley & Co., LLC, 11100 Santa Monica Blvd., Suite 800, Los Angeles, California 90025.
About Cache, Inc.
Cache is a nationwide, mall-based specialty retailer of apparel and accessories. Cache offers a boutique shopping experience for stylish and fashion-conscious women with a product line consisting of elegant evening wear, event and day dresses, casual sportswear and accessories, primarily sold under the Cache brand- everything to meet the events and lifestyle needs in a woman's life. Cache currently operates 239 stores, primarily situated in central locations in high traffic, upscale malls in 41 states, the Virgin Islands and Puerto Rico.